Here's Why Sally Beauty (SBH) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Sally Beauty (SBH) - Sally Beauty currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - The stock has shown strong performance, with a 6.23% increase over the past week, compared to a 3.11% increase in the Zacks Retail - Miscellaneous industry [6] - Over the last quarter, SBH shares increased by 10.63%, and by 16.58% over the past year, outperforming the S&P 500, which moved 5.76% and 14.27% respectively [7] Trading Volume - The average 20-day trading volume for SBH is 1,982,947 shares, indicating a bullish sign when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for SBH have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.00 to $2.06 [10] - For the next fiscal year, one estimate has moved upwards, with no downward revisions during the same period [10] Conclusion - Considering the positive momentum indicators and earnings outlook, SBH is positioned as a promising investment opportunity with a Momentum Score of B [12]